With Moody's Investors Service under increasing pressure to boost Ireland's credit rating, Haig Bathgate talks to Bloomberg about the validity of ratings amid suggestions that Ireland has the potential to become the first euro nation to emerge from a bailout and start financing itself.

Haig commented:

"The rating agencies will continue to be late to the game in terms of rating debt and, as highlighted on a number of occasions since the credit crisis, ultimately you can't rely on that as your only input to evaluate the quality of sovereign credits."

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